Royal Exchange contributes to NIA COVID-19 support fund


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Chuks Udo Okonta

Royal Exchange Plc, through her insurance subsidiaries, Royal Exchange General Insurance Company (REGIC) and Royal Exchange Prudential Life Plc (REPL) has made a financial commitment to The Nigeria Insurers Association (NIA) COVID-19 Support Fund.

This Fund, set up by the umbrella body of Insurance Companies in Nigeria, is aimed at raising funds from the various general insurance, life assurance and reinsurance companies operating in Nigeria to support the government efforts aimed at curbing the spread of Coronavirus (COVID-19) in Nigeria.

The Group Managing Director, Royal Exchange Plc, Olawale Banmore, said: “As the Coronavirus continues to ravage many countries and is also wreaking havoc in Nigeria and her economy, it is important that as an organisation, Royal Exchange Plc and her insurance subsidiaries are fully supportive of the insurance industry’s efforts aimed at raising funds and awareness on the dangers of Coronavirus in Nigeria.”

Banmore said that Royal Exchange Plc and her five subsidiaries will fully comply with the Federal Government’s directive to as regards the lock down order with effect from Tuesday, March 31, 2020. He also added that Royal Exchange has initiated Phase 2 of its business continuity strategy by instituting policies and actions that will enable staff work remotely, among other initiatives aimed at safeguarding the health and lives of our customers and staff.

“We hereby wish to inform our clients that Royal Exchange various products and service offerings are still available to the public via all our e-channels – Website, Internet Banking, Live Chat, Emails and Telephone Calls – to enable them consummate businesstransactions.

“The Management of Royal Exchange Plc will continue to keep all our stakeholders abreast of developments as they occur, as the health and safety of every Nigerian is our primary concern,” he posited.

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